In 2023, Italy led European sold production of machinery for food and drink manufacture, claiming a 30.33% share despite a slight 0.92% decline. Germany followed with a 19.69% share, experiencing a 2.85% decrease. Notably, smaller markets showed growth, with Norway expanding by 10.28% and Lithuania by 28.59%. The UK, Denmark, and Austria saw declines of 0.44%, 0.72%, and 7.57%, respectively. The Netherlands and France had moderate increases of 0.29% and 2.28%, while Eastern European nations like Poland and Hungary showed stronger gains of 3.06% and 9.6%.
Future trends to watch include:
- Increased automation and digitization within the food processing industry across Europe.
- Potential shifts in market shares as Eastern European countries could continue robust growth.
- Regulatory changes related to sustainability which may affect machinery development and sales.
- The impact of broader economic factors, including inflation and supply chain resilience, influencing production costs and pricing.
Top countries in Sold Production of Machinery for the Industrial Preparation or Manufacture of Food or Drink, Including Fats or Oils Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 30.33 | 2023 | +4.31% | -0.0092% | View data |
| 2 | 2 Germany | 19.69 | 2023 | +1.4% | -2.85% | View data |
| 3 | 3 Netherlands | 12.54 | 2023 | +1.63% | +0.29% | View data |
| 4 | 4 France | 8.04 | 2023 | +2.98% | +2.28% | View data |
| 5 | 5 Spain | 6.99 | 2023 | +7.73% | +2.4% | View data |
| 6 | 6 Denmark | 6.49 | 2023 | +2.55% | -0.72% | View data |
| 7 | 7 United Kingdom | 2.33 | 2023 | -0.67% | -0.44% | View data |
| 8 | 8 Norway | 2.13 | 2023 | +8.46% | +10.28% | View data |
| 9 | 9 Poland | 1.85 | 2023 | +3.23% | +3.06% | View data |
| 10 | 10 Austria | 1.84 | 2023 | +4.32% | -7.57% | View data |
